Overcapacity continues to dog stainless: Markus Moll
Sep 26, 2012 | 03:58 PM
| Thorsten Schier
CHICAGO Increasing capacity and declining profit margins continue to dog the global flat-rolled stainless steel industry, largely due to increasing expansions in Asia, according to Markus Moll, managing director and senior analyst at Austrian firm Steel & Metals Market Research GmbH.
"There is word out there in Asia that if you dont produce 5 million tonnes within five years, youre out," he told participants at AMMs 26th annual Stainless and Its Alloys Conference in Chicago. "I dont know who put that into the minds of these companies, but it seems to be the 5-million club, (as) they call it." That goal has spurred large Chinese producers to take on further greenfield expansions. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.